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South India cotton yarn steady amid buyer caution, market uncertainty

03 Sep '24

3 min read

South India cotton yarn steady amid buyer caution, market uncertainty

Insights

Cotton yarn prices in south India remained steady after recent gains, with reduced buying interest in Mumbai and Tiruppur due to higher prices and market uncertainty.
Most spinning mills have kept their mill rates unchanged.
Cotton prices in Gujarat also remained stable, with limited availability due to ongoing rains.
All-India cotton arrivals were low.

In the Mumbai market, cotton yarn prices remained stable after a steep rise last week. Buyers are hesitant to purchase at higher prices. A trader from the Mumbai market told Fibre2Fashion, "The market seems to be reversing. Buyers will only return once they clear their previous stocks, avoiding risks in the current uncertain market.” Power looms are only producing fabric when there is confirmed demand and are avoiding speculative production.

In Mumbai, ** carded yarn of warp and weft varieties were sold at &#****;*,***-*,*** (approximately $**.**-$**.**) and &#****;*,***-*,*** per * kg (approximately $**.**-$**.**) (excluding GST), respectively. Other prices include ** combed warp at &#****;***-*** (approximately $*.**-$*.**) per kg, ** carded weft at &#****;*,***-*,*** (approximately $**.**-$**.**) per *.* kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg, **/** carded warp at &#****;***-*** (approximately $*.**-$*.**) per kg and **/** combed warp at &#****;***-*** (approximately $*.**-*.**) per kg, according to trade sources.